IZEA Inc. (IZEA) Upgraded to “Buy” by Craig Hallum
Separately, ValuEngine upgraded shares of IZEA from a strong sell rating to a sell rating in a research report on Friday, September 22nd.
IZEA (IZEA) traded up $0.09 during trading on Wednesday, hitting $4.19. 329,300 shares of the stock traded hands, compared to its average volume of 579,191. IZEA has a 52-week low of $1.37 and a 52-week high of $7.85.
IZEA (NASDAQ:IZEA) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.08. IZEA had a negative net margin of 22.78% and a negative return on equity of 92.32%. The company had revenue of $6.98 million for the quarter, compared to analysts’ expectations of $7.00 million. sell-side analysts expect that IZEA will post -0.93 EPS for the current year.
In other IZEA news, major shareholder Awm Investment Company, Inc. sold 450,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $5.74, for a total transaction of $2,583,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 25.50% of the company’s stock.
A hedge fund recently raised its stake in IZEA stock. Royce & Associates LP raised its position in shares of IZEA Inc. (NASDAQ:IZEA) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,176 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Royce & Associates LP’s holdings in IZEA were worth $451,000 as of its most recent filing with the Securities & Exchange Commission. 31.78% of the stock is owned by institutional investors and hedge funds.
IZEA, Inc (IZEA) operates online marketplaces that facilitate transactions between brands and influential content creators. These creators produce and distribute text, videos and photos on behalf of brands through Websites, blogs and social media channels. Its technology enables transactions to be completed at scale through the management of content workflow, creator search and targeting, bidding, analytics and payment processing.
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